Word: koreas
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...trade can now go directly from Asian suppliers to Iran's Bandar Abbas port, without passing through Dubai at all. Iran's government-owned Islamic Republic of Iran Shipping Lines, or IRISL, has a fleet of vessels that go directly to Iran's ports from cities around China and Korea, as well as the Netherlands, Germany and Italy. So, even if the Dubai route was choked off, Tehran may yet have alternatives less vulnerable to U.S. pressure...
...decades, many Asian countries - from Japan and South Korea to Thailand and the Philippines - were used to counting on an American big brother for everything from economic sustenance to military security. Now there's a new top dog in town: China. Last year, Japanese Foreign Minister Katsuya Okada proclaimed that this "will be the age of Asia and in that context it is important for Japan to have its own stance, to play its own role in the region" - a role separate from that of the U.S. It's no coincidence that such a sentiment was expressed precisely as China...
...Further south, China has surpassed the U.S. as ASEAN's third largest partner in commerce after the E.U. and Japan. The Southeast Asian club has signed trade pacts with Japan, India, South Korea and, most importantly, China, paving the way for a regional economic bloc that could rival the E.U. Note that the U.S. isn't involved. "If we are closer to China now, it is only because the U.S. has neglected us," says Kavi Chongkittavorn, a Thai columnist who writes about foreign affairs. Wirjawan, the head of the Indonesian investment board, jokes that, "If I want to get Americans...
...agreeing to a key Pakistani demand: that the U.S. recognize Pakistan as a nuclear power, giving it parity with its rival India, which secured a similar accord from the Bush Administration. Washington officials were reluctant to comply because of Pakistan's having secretly sold nuclear technology to North Korea, Iran and Libya...
...Despite the growing political influence of China, try asking an American to name a Chinese company and you're not likely to get much of an answer. While South Korea has Samsung and Hyundai, and Japan has Sony and Toyota, in the U.S., China is largely associated with the mass production of low-end goods, with few of its own international brands. To battle China's reputation for cheap imitations, Li Ning has hired top designers from Portland's rich pool of shoe-design talent and placed its high-end sportswear in an airy showroom in a Portland's chic...